THE CONDO BOOK PROJECT

46-30 Center Boulevard Condominium

46-30 Center Boulevard, Queens, NY 11109

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Overview

Units
184 residential · 1 commercial
Subway
9 min walk to Vernon Blvd-Jackson Av 721 St G, 9 min
Principals
H. Henry Elghanayan, Kamran T. Elghanayan, Frederick Elghanayan
Offering price
$246.2 million total

The sponsor of record is East Coast 5 L.L.C., represented by Seiden & Schein, P.C.. The offering plan runs 1,151 pages. The sponsor has filed 24 amendments, the latest in June 2013. The nearest other condo plan on file is Monarch, 0.1 mi away.

Plan CD070287 · New · accepted Nov 13, 2007 · AG record ↗

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FigureThis building1Powerhouse2177 units · 0.3 miaccepted 20075th Street Lofts (5sl)3118 units · 0.2 miaccepted 2007
Average Offering PricePer Apartment$1.34MHighest$683,886$692,010

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Unit mix, closings, budgets, finishes and the team, against Powerhouse and 5th Street Lofts (5sl), cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Queens plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
East Coast 5 L.L.C.
Principals
H. Henry Elghanayan, Kamran T. Elghanayan, Frederick Elghanayan

From our research: Do NYC Developers Rehire the Same Firms?

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